This thread is about positional options selling for weekly 1-2% ROI.

1. Find out support and resistance, i have marked all S/R for this week.

2. Sell strikes at support and resistance (you have to choose strikes as per your risk and return expectation).

3. I prefer to sell strike at 2nd S/R (i target strikes such that i will get 1-1.5% ROI if it goes zero).

4. If i have sold strike at 2nd S/R and if 1st S/R is breached i may exit or shift to 3rd S/R or hold my existing positions if there is not much time left for expiry.

5. If market is directional i will keep single side position or sell in ratio like 3*pe of 40p premium and 1*ce of 20p premium

6. If market is bullish then i will only sell puts, when there is correction of 1% or more from upside then i will sell calls, and vice versa.

7. If market crosses R1 and sustains, then you can shift your position from S2 to S1 or R1(if there is too much rally keeping in mind that we may see some pullback)

Some points to keep in mind

· You can deploy 30-40% of capital before weekend and then gradually deploy more. I mostly deploy 70-80% of capital by tuesday.

· If there is no good opportunity in current week due to less premiums you can deploy some capital in next week.

· Don't sell high premiums from start of week for greater ROI unless you have proper direction.

· You will face spikes in premium. When premium increases you should not panic and exit, instead use opportunity to sell more at good premiums on signs of reversal.

· Its not necessary that you sell the same strike on spike. You can also sell few strikes away from your current sold strike.

That's it guys. You can only become good at it by taking trades and practise.
I may have missed some things i practise, pardon me for that.